When the price of a good is a constant, the marginal revenue per ...

[jlmhmf]

When the price of a good is a constant, the marginal revenue per unit of output is the same as:
 a. total revenue.
  b. average total cost.
  c. price.
  d. quantity of output.
  e. profit per unit.

Question 2

If a government tax has as its purpose the raising of revenue, it would be best to place the tax on a product which:
 a. is a non-essential.
  b. has a highly elastic demand.
  c. has many good substitutes.
  d. has a highly inelastic demand.
  e. has a unit elastic demand curve.

[meganmoser117]

Answer to Question 1

c

Answer to Question 2

d

[jlmhmf]

YES! Correct, THANKS for helping me on my review

[komodo7]

Thanks for the timely response, appreciate it